Stock picks for September 11, 2012

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Stock picks for September 11, 2012
Here are a few stock ideas with a long-term perspective in mind.


Nirmal Bang is bearish on Infosys and has recommended sell rating on the stock.

Infosys Ltd has acquired Swiss-based consultancy firm Lodestone HoldingsAG for $345 million enterprise value. Adjusting for debt, the implied equity value is 4325 million of which two-third is payable upfront, with the balance payable after three years. The transaction will close by end-October 2012.

Century Textiles

Buy Century Textiles and Industries , says Sudarshan Sukhani of

Sukhani told CNBC-TV18, "There is a theme I have been saying for many weeks now that outperformers are going to reward traders. One of them has been Century Textiles. It completed its bear market, rallied, went through a deep correction but continues to outperform the Nifty. Century Textiles is today coming out of a very large consolidation and breaking above resistance. That is a stock we should be looking at to buy."

Manappuram Finance

Buy Manappuram Finance on correction, says Sudarshan Sukhani of This stock is going to see much higher levels. So today, we have seen a 5% rise. Normally, after such rally, the stock will consolidate or even dip a little.

Sukhani told CNBC-TV18, "I do not track Muthoot Finance carefully but I track Manappuram Finance and I have been upbeat on it when it broke out above Rs 25. Since then my suggestion has been every time it corrects and dips, go and buy it. This stock is going to see much higher levels. So today, we have seen a 5% rise. Normally, after such rally, the stock will consolidate or even dip a little. In the next few days, when that consolidation comes about it is an excellent buy."

Coal India

Kunal Bothra of LKP is of the view that one can buy Coal India on any dips with a target of Rs 380..

Bothra told CNBC-TV18, "In the large cap one of the stock which I have is Coal India. It looks fantastic on chart. In terms of technical's today's price move is also very good probably breaking its previous high of Rs 370 levels. I think any dip if it happens to Rs 365 levels from a very short term perspective should be bought into. My target is close to Rs 380 on Coal India keeping a stop loss of Rs 358." 

DISCLAIMER: GoodReturns provides you with information covering shares, futures and options based on broker's reports as stated on various media. Investors are, however, warned that they should NOT take any buy or sell decision based on these views expressed in the article. Investors should consult their own financial and share advisors before taking purchase or sale decisions. GoodReturns does not take any responsibility for any losses incurred by investors who take their cues from the above article.

Read more about: stock picks
Story first published: Tuesday, September 11, 2012, 8:44 [IST]
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